Disruptive global events of the past few years have increased the business demand to perform budget and forecasting based on weekly product sales. Companies seek agile solutions that can accommodate an increased demand of granularity for their planning and reporting cycles.
Oracle Fusion Cloud EPM (Enterprise Performance Management) emerges as a robust solution to cater for additional weekly details. Simple configuration steps within the standard pre-built module of EPM Planning Financials empower companies to be more resilient in no time. Non-Oracle EPM software often requires installation, product testing and customisation that brings additional costs and risks.
Oracle Consulting’s Proven Approach
Oracle Consulting has implemented a mix of monthly and weekly planning options for clients with fast-moving sales operations.
• Enhanced Cash Flow Projection
By blending monthly and weekly planning options, Oracle Consulting facilitated a more focused and reliable Cash Flow projection. This approach harnesses historical sales performance at the weekly level, incorporating specific events such as public holidays or other seasonal events as part of the forecast trend.
• Detailed Sales and Volume Information
The sales and volume information, categorised by a combination of customer and product groups, requires meticulous modelling at the weekly level. Integration with the overall trial balance, encompassing monthly expenditure ensures a cohesive financial overview.
Where does it apply? Use Case and Industries
There are several industries and situations where EPM Planning at the more granular level of weeks is an essential part of the business process:
• Retailers with weekly values and trends, including seasonal events such as holidays, festive periods.
• Manufacturers with a need for detailed stock availability or shipping constraints.
• Financial Planning scenarios with actual and forecasts built up from weekly details.
• Short-Term Cash Management.
The fundamental question each company should consider when implementing a weekly planning cycle is: “How can we improve our performance next week by doing something this week?”
Take the next step to add weeks into your EPM Planning application
Oracle Cloud EPM offers pre-built and out-of-the-box functionality to include weekly planning, completely integrated with the rest of the Cloud EPM suite. This functionality could be easily enabled within the EPM Planning Financial module without any extra installation or product testing activities.
Oracle Consulting’s expertise in combining monthly and weekly planning is your gateway to liquidity management precision. Explore this transformative approach by downloading our white paper on “Optimizing Liquidity Through Integrated Weekly and Monthly Planning.”